Can a resident homeowner have their home loss payment paid as cash?

Answer

Posted by Felix Shaw5sc on June 05, 2017

Only homeowners choosing to sell their property to the council and not remain living on the estate can be paid home loss payment in cash, as set out under Key Guarantee 2. To pay home loss in cash to resident homeowners, who seek to remain on an estate, would have a significant impact on the viability of a regeneration project, where there is already a commitment to enable all tenants and resident homeowners with the ability to remain living on their estate. It would also impact on the number of additional new affordable homes that could be built.